Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.
Outlined bar is the consensus estimate; solid is reported.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| Q2 26 | -$0.43 | -$0.41 | +4.7% | — | $6.1M | — |
| Q1 26 | -$0.43 | -$0.41 | +4.7% | — | $6.3M | — |
| Q4 25 | -$0.44 | -$0.4 | +9.1% | — | $5.6M | — |
| Q3 25 | -$0.45 | -$0.46 | -2.2% | — | $3.6M | — |
| Q2 25 | -$0.47 | -$0.44 | +6.4% | — | $5.5M | — |
| Q1 25 | -$0.48 | -$0.45 | +6.2% | — | $3.4M | — |
| Q4 24 | -$0.58 | -$0.49 | +15.5% | — | $2.7M | — |
| Q3 24 | -$0.59 | -$0.55 | +6.8% | — | $2.3M | — |
| Q2 24 | -$1.17 | -$0.57 | +51.3% | — | $2M | — |
| Q1 24 | -$0.58 | -$0.56 | +3.4% | — | $2.1M | — |
| Q4 23 | -$0.57 | -$0.6 | -5.3% | — | $1.6M | — |
| Q3 23 | -$0.15 | -$0.15 | 0.0% | — | $810K | — |
| Q2 23 | -$0.16 | -$0.16 | 0.0% | — | $743K | — |
| Q1 23 | -$0.16 | -$0.16 | 0.0% | — | $1.1M | — |
| Q4 22 | -$0.18 | -$0.2 | -11.1% | — | $188K | — |
| Q3 22 | -$0.19 | -$0.17 | +10.5% | — | $1.4M | — |
Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.
Periods without a consensus estimate or a reported figure show a dash.
| Period | EPS estimate | EPS actual | EPS surprise % | Revenue estimate | Revenue actual | Revenue surprise % |
|---|---|---|---|---|---|---|
| FY25 | — | -$2.55 | — | — | $18.1M | — |
| FY24 | — | -$2.85 | — | — | $9.1M | — |
| FY23 | — | -$3.3 | — | — | $4.3M | — |
| FY22 | — | -$3.4 | — | — | $4.2M | — |
| FY21 | — | -$2.55 |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.4M | $4.8M | $9.3M | $4.2M | $4.3M | $9.1M | $18.1M |
| YoY change | — | +249.9% | +91.3% | -54.8% | +2.86% | +110.2% | +99.4% |
Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.
| Period | Q3 23 | Q4 23 |
|---|
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | 1.4M | 4.8M | 9.3M | 4.2M | 4.3M | 9.1M | 18.1M |
| Cost of revenue | 815K | 2.7M | 5.8M | 8.4M | 10.2M | 12.9M | 18.7M |
| Gross profit | 569K | 2.1M | 3.4M | -4.3M | -5.9M | -3.8M | -660K |
| Gross margin | 41.1% | 43.4% | 37% | -101.5% | -136.5% | -41.8% | -3.65% |
| Research & development | 15.4M | 20.5M | 74.8M | 109.6M | 102.5M | 102.7M | 85.4M |
| Selling, general & administrative | 5.3M | 7.3M | 32.9M | 38.1M | 39.4M | 40.4M | 41.5M |
| Operating expenses | 20.7M | 27.8M | 107.6M | 147.7M | 141.9M | 143.1M | 126.9M |
| Operating income | -20.1M | -25.7M | -104.2M | -152M | -147.8M | -146.9M | -127.6M |
| Operating margin | -1.5K% | -531.5% | -1.1K% | -3.6K% | -3.4K% | -1.6K% | -705.8% |
| Non-operating income, net | -17K | -24K | 1.9M | 943K | -10.5M | -12.9M | -20.3M |
| Pretax income | -19.6M | -25.6M | -101.9M | -147.3M | -149.3M | -152.1M | -145.1M |
| Income tax | 0 | 0 | 0 | 0 | 0 | 171K | 308K |
| Net income | -19.6M | -25.6M | -101.9M | -147.3M | -149.3M | -152.3M | -145.4M |
| Net margin | -1.4K% | -528% | -1.1K% | -3.5K% | -3.5K% | -1.7K% | -804.4% |
| EBITDA | -19.5M | -24.9M | -101.1M | -145.8M | -140.1M | -126.4M | -97.7M |
| EPS | -0.46 | -0.6 | -2.55 | -3.4 | -3.3 | -2.85 | -2.55 |
| Diluted EPS | -0.46 | -0.6 | -2.55 | -3.4 | -3.3 | -2.85 | -2.55 |
Revenue, gross profit, operating income, and net income per period.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 810K | 1.6M | 2.1M | 2M | 2.3M | 2.7M | 3.4M | 5.5M | 3.6M | 5.6M | 6.3M | 6.1M |
| Cost of revenue | 2.5M | 2.5M | 3.5M | 2.9M | 3M | 3.5M | 3.1M | 8.2M | 3.1M | 4.3M | 4.3M | 3.9M |
| Gross profit | -1.7M | -872K | -1.4M | -848K | -721K | -829K | 310K | -2.7M | 430K | 1.3M | 1.9M | 2.2M |
| Gross margin | -211.7% | -54.1% | -66.1% | -42.1% | -32% | -30.7% | 9.2% | -49.4% | 12% | 23.5% | 31% | 35.7% |
| Research & development | 23.8M | 26.2M | 25M | 26.2M | 27.1M | 24.3M | 21.6M | 22.8M | 22.2M | 18.9M | 22.8M | 24.9M |
| Selling, general & administrative | 10M | 9.8M | 10.9M | 10.4M | 10M | 9.1M | 9.2M | 9.4M | 11.4M | 11.6M | 14.3M | 11.9M |
| Operating expenses | 33.8M | 36M | 36M | 36.6M | 37.2M | 33.4M | 30.7M | 32.2M | 33.6M | 30.4M | 37.1M | 36.7M |
| Operating income | -35.5M | -36.8M | -37.3M | -37.4M | -37.9M | -34.2M | -30.4M | -34.9M | -33.2M | -29.1M | -35.1M | -34.6M |
| Operating margin | -4.4K% | -2.3K% | -1.8K% | -1.9K% | -1.7K% | -1.3K% | -903.1% | -633.7% | -926.5% | -517.6% | -561.1% | -563.2% |
| Non-operating income, net | 39K | -10.5M | -439K | -8M | -1.3M | -3.3M | -5.4M | -158.4M | 140.3M | 3.2M | 495K | -44.7M |
| Pretax income | -33.2M | -45M | -35.3M | -43.3M | -37.4M | -36.1M | -34.8M | -192.7M | 107.6M | -25.2M | -34.9M | -79.6M |
| Income tax | 0 | 0 | 0 | 123K | 22K | 26K | 57K | 70K | 66K | 115K | 32K | 58K |
| Net income | -33.2M | -45M | -35.3M | -43.4M | -37.4M | -36.1M | -34.9M | -192.7M | 107.5M | -25.3M | -35M | -79.6M |
| Net margin | -4.1K% | -2.8K% | -1.7K% | -2.2K% | -1.7K% | -1.3K% | -1K% | -3.5K% | 3K% | -450.3% | -558.6% | -1.3K% |
| EBITDA | -33.6M | -34.6M | -35.2M | -23.7M | -35.6M | -32M | -28.1M | 55.8M | -99.6M | -31.2M | -32.4M | -31.8M |
| EPS | -0.75 | -0.9 | -0.67 | -0.82 | -0.7 | -0.67 | -0.64 | -3.49 | 1.86 | -0.42 | -0.56 | -1.23 |
| Diluted EPS | -0.75 | -0.9 | -0.67 | -0.82 | -0.7 | -0.67 | -0.64 | -3.49 | -0.52 | -0.42 | -0.56 | -1.23 |
Annual history by fiscal year; click a table row below to chart a different metric.
Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Market cap | — | 3.1B | 1.5B | 295.5M | 172.1M | — | 757.3M | 994.7M |
| Enterprise value | — | 3B | 1.1B | -20.8M | -41.6M | — | 737.8M | 994.5M |
| Shares outstanding | 42.3M | 42.3M | 40.2M | 43.5M | 45.4M | 53.4M | 57M | 57M |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| P/E | — | — | — | — | — | — | — | -5.6 |
| P/S | — | 634.7 | 163.9 | 70.5 | 39.9 | — | 41.9 | 49.5 |
| P/B | — | 114.2 | 3.33 | 0.9 | 0.75 | — | 57.3 | 38.3 |
| EV/EBITDA | — | -122.2 | -10.7 | 0.14 | 0.3 | — | -7.55 | -7.85 |
| EV/Sales | — | 629.6 | 117 | -4.97 | -9.64 | — | 40.8 | 46 |
| Earnings yield | — | — | — | — | — | — | — | -17.9% |
| FCF yield | — | -0.72% | -5.96% | -39.7% | -72.6% | — | -15.8% | -14% |
| PEG | — | — | — | — | — | — | — | 0.09 |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 41.1% | 43.4% | 37% | -101.5% | -136.5% | -41.8% | -3.65% | 35.7% |
| Operating margin | -1.5K% | -531.5% | -1.1K% | -3.6K% | -3.4K% | -1.6K% | -705.8% | -563.2% |
| Net margin | -1.4K% | -528% | -1.1K% | -3.5K% | -3.5K% | -1.7K% | -804.4% | -150.1% |
| ROE | -78.1K% | -95% | -22.3% | -44.6% | -65.4% | -153.3% | -1.1K% | -1.1K% |
| ROA | -18.3K% | -78.4% | -21.3% | -41.3% | -58% | -103.2% | -80.9% | -51.7% |
| ROIC | -19K% | -1.1K% | -480.3% | -1.1K% | -1K% | 1.7K% | 2K% | 275% |
| Return on tangible assets | -18.3K% | -78.4% | -21.7% | -41.7% | -58.6% | -104.5% | -81.3% | -14.3% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 0 | 5.46 | 32.1 | 15.4 | 12.5 | 3.15 | 4.28 | 7.85 |
| Quick ratio | 0 | 5.24 | 31.9 | 15.2 | 12.3 | 3.09 | 4.12 | 7.63 |
| Debt / equity | 3.22 | 0 | 0.02 | 0.02 | 0.03 | 0.04 | 7.75 | 3.72 |
| Debt / assets | 0.76 | 0 | 0.02 | 0.02 | 0.03 | 0.03 | 0.57 | 0.45 |
| Net debt / EBITDA | -0 | 0.99 | 4.3 | 2.17 | 1.53 | 0.86 | 0.2 | 0.39 |
| Effective tax rate | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Revenue per share | 0.03 | 0.11 | 0.23 | 0.1 | 0.09 | 0.17 | 0.32 | 0.35 |
| EPS (basic) | -0.46 | -0.6 | -2.55 | -3.4 | -3.3 | -2.85 | -2.55 | -2.55 |
| EPS (diluted) | -0.46 | -0.6 | -2.55 | -3.4 | -3.3 | -2.85 | -2.55 | -0.21 |
| Book value per share | 0 | 0.64 | 11.4 | 7.59 | 5.03 | 1.86 | 0.23 | 0.4 |
| FCF per share | -0.4 | -0.52 | -2.25 | -2.7 | -2.75 | -2.1 | -2.1 | -1.8 |
| Cash per share | 0 | 0.58 | 11.1 | 7.45 | 4.87 | 2.1 | 2.14 | 2.55 |
| Capex per share | 0.01 | 0.02 | 0.1 | 0.17 | 0.13 | 0.1 | — | — |
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | Current |
|---|---|---|---|---|---|---|---|---|
| Capex / revenue | 30.4% | 17.7% | 41.6% | 177.5% | 141.6% | 56.3% | — | — |
| Capex / operating cash flow | -2.51% | -3.35% | -4.46% | -6.28% | -5.19% | -4.58% | — | — |
| Payout ratio | — | — | — | — | — | — | — | 0% |
| — |
| — |
| $9.3M |
| — |
| FY20 | — | -$0.6 | — | — | $4.8M | — |
| FY19 | — | -$0.46 | — | — | $1.4M | — |
| Q1 24 |
|---|
| Q2 24 |
|---|
| Q3 24 |
|---|
| Q4 24 |
|---|
| Q1 25 |
|---|
| Q2 25 |
|---|
| Q3 25 |
|---|
| Q4 25 |
|---|
| Q1 26 |
|---|
| Q2 26 |
|---|
| Revenue | $810K | $1.6M | $2.1M | $2M | $2.3M | $2.7M | $3.4M | $5.5M | $3.6M | $5.6M | $6.3M | $6.1M |
| YoY change | -41% | +756.9% | +83.5% | +170.8% | +177.8% | +67.3% | +59.8% | +173.9% | +59.1% | +108.5% | +85.9% | +11.3% |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 0 | 24.6M | 445M | 323.8M | 221M | 112M | 121.9M |
| Receivables | — | 141K | 2.3M | 2.9M | 628K | 1.2M | 3.4M |
| Inventory | — | 1.2M | 2.1M | 3M | 2.4M | 2.3M | 5.8M |
| Total current assets | 25 | 31M | 458.5M | 335.1M | 229.2M | 123.3M | 153.5M |
| Property, plant & equipment | — | 1.6M | 15.4M | 17.1M | 19.4M | 14.2M | 18.3M |
| Goodwill & intangibles | — | 0 | 8.8M | 3.5M | 2.6M | 1.7M | 825K |
| Total assets | 106.9K | 32.6M | 479.2M | 356.6M | 257.4M | 147.5M | 179.7M |
| Accounts payable | — | 2.1M | 4.4M | 5.2M | 3.6M | 5.5M | 5.9M |
| Short-term debt | 80.8K | — | 2.9M | 2.7M | 3.6M | 3M | 1.5M |
| Total current liabilities | 81.8K | 5.7M | 14.3M | 21.8M | 18.4M | 39.2M | 35.9M |
| Long-term debt | — | 0 | 7.5M | 4.8M | 3.8M | 720K | 100.9M |
| Total liabilities | 81.8K | 5.7M | 22.8M | 26.7M | 28.9M | 48.1M | 166.5M |
| Shareholders' equity | 25.1K | 26.9M | 456.4M | 329.9M | 228.4M | 99.4M | 13.2M |
| Total debt | 80.8K | 0 | 10.3M | 7.5M | 7.4M | 3.8M | 102.4M |
| Net debt | 80.8K | -24.6M | -56.5M | -60M | -31.2M | -25.1M | 30.1M |
What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & short-term investments | 233.7M | 221M | 189.3M | 160.2M | 134.8M | 112M | 81M | 49.8M | 48.9M | 121.9M | 99.5M | 177.9M |
| Receivables | 769K | 628K | 978K | 844K | 575K | 1.2M | 775K | 3.9M | 1.9M | 3.4M | 3.5M | 3.7M |
| Inventory | 2.7M | 2.4M | 2.2M | 3M | 2.1M | 2.3M | 3.9M | 3.7M | 4.9M | 5.8M | 6M | 5.7M |
| Total current assets | 242.8M | 229.2M | 197.4M | 172.4M | 145.3M | 123.3M | 91.8M | 68.3M | 66.4M | 153.5M | 122.1M | 203.7M |
| Property, plant & equipment | 19M | 19.4M | 19M | 17.7M | 16.1M | 14.2M | 15.3M | 14.7M | 18.3M | 18.3M | 18.2M | 17.3M |
| Goodwill & intangibles | 2.9M | 2.6M | 2.4M | 2.2M | 1.9M | 1.7M | 1.5M | 1.3M | 1.1M | 825K | 600K | 375K |
| Total assets | 265.7M | 257.4M | 224.8M | 198.1M | 169.1M | 147.5M | 114.5M | 91.1M | 92.8M | 179.7M | 147.3M | 227.8M |
| Accounts payable | 3.3M | 3.6M | 3.4M | 3.8M | 3M | 5.5M | 4M | 4.8M | 4.4M | 5.9M | 4.6M | 7.3M |
| Short-term debt | 3.3M | 3.6M | 3.7M | 3.8M | 3.4M | 3M | 2.6M | 1.8M | 1.5M | 1.5M | 1.4M | 2M |
| Total current liabilities | 14.7M | 18.4M | 16.6M | 32.6M | 33.6M | 39.2M | 31.9M | 105.7M | 20.9M | 35.9M | 29.8M | 26M |
| Long-term debt | 4.5M | 3.8M | 2.8M | 1.8M | 1.3M | 720K | 175K | 3K | 4.6M | 100.9M | 100.6M | 100.3M |
| Total liabilities | 19.3M | 28.9M | 26.6M | 38.1M | 39.9M | 48.1M | 45.7M | 209.3M | 59.6M | 166.5M | 159.7M | 200.3M |
| Shareholders' equity | 246.4M | 228.4M | 198.2M | 160M | 129.3M | 99.4M | 68.8M | -118.2M | 33.2M | 13.2M | -12.4M | 27.5M |
| Total debt | 7.8M | 7.4M | 6.5M | 5.6M | 4.7M | 3.8M | 2.8M | 1.8M | 6.1M | 102.4M | 102.1M | 102.4M |
| Net debt | -32.7M | -31.2M | -23.1M | -18M | -25.8M | -25.1M | -18.4M | -19.9M | -39.6M | 30.1M | 70.9M | 59.1M |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income | -19.6M | -25.6M | -101.9M | -147.3M | -149.3M | -152.3M | -145.4M |
| Depreciation & amortization | 634K | 798K | 3.1M | 6.2M | 7.7M | 8.9M | 8.5M |
| Stock-based compensation | 2.2M | 3.8M | 22.2M | 24.2M | 23.7M | 23.7M | 21.8M |
| Change in working capital | 15K | -2.8M | -9.8M | -1.6M | 262K | 11M | -36.6M |
| Operating cash flow | -16.8M | -25.5M | -86.4M | -118.5M | -117.7M | -111.6M | -115.1M |
| Capital expenditure | -421K | -855K | -3.9M | -7.4M | -6.1M | -5.1M | — |
| Investing cash flow | -421K | -242.2M | -384.1M | 110.9M | 69.3M | 97.9M | 34.5M |
| Dividends paid | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — |
| Financing cash flow | 36M | -100.3K | 512M | -720K | 20.4M | -752K | 128.4M |
| Net change in cash | 18.7M | -267.8M | 41.5M | -8.3M | -28M | -14.5M | 47.9M |
| Free cash flow | -16.8M | -22.1M | -90.5M | -117.3M | -124.9M | -112M | -119.7M |
Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.
Click a row to chart it; unreported figures show a dash.
| Period | Q3 23 | Q4 23 | Q1 24 | Q2 24 | Q3 24 | Q4 24 | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | -33.2M | -45M | -35.3M | -43.4M | -37.4M | -36.1M | -34.9M | -192.7M | 107.5M | -25.3M | -35M | -79.6M |
| Depreciation & amortization | 1.9M | 2.3M | 2.2M | 2.3M | 2.2M | 2.3M | 2.3M | 2.2M | 2.1M | 1.8M | 1.9M | 1.8M |
| Stock-based compensation | 5.1M | 5.5M | 5.3M | 5.4M | 6.5M | 6.6M | 4.6M | 6M | 5.9M | 5.3M | 9.4M | 8.5M |
| Change in working capital | -2.9M | 2.8M | 708K | 10M | -1.2M | 1.4M | -6.3M | -2.6M | -14.2M | -13.5M | 5M | -2.1M |
| Operating cash flow | -29.2M | -34.3M | -27.2M | -25.8M | -29.7M | -29.1M | -34.3M | -29.8M | -32.3M | -22.1M | -25.8M | -31.2M |
| Capital expenditure | -1M | -2.7M | -1.6M | -779K | -542K | -2.1M | -459K | — | — | — | — | — |
| Investing cash flow | 34M | 9.7M | 22M | 23.4M | 32.9M | 19.6M | 23.3M | 32M | 25M | -46.3M | -18.3M | -65.8M |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | -42K | -955K | -55K | -238K | -145K | -314K | -183K | -395K | 32.5M | -3.5M | 5.2M | -5.8M |
| Net change in cash | 4.8M | -25.6M | -5.2M | -2.6M | 3M | -9.8M | -11.2M | 1.8M | 25.2M | -71.9M | -38.9M | -102.8M |
| Free cash flow | -29.1M | -30M | -32.6M | -29.9M | -26.4M | -23M | -31.3M | -31.2M | -33.6M | -23.7M | -28.1M | -31.4M |